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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 42,601 $ 42,238 $ 44,193
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,038 4,554 4,776
Net gain on sale of other real estate owned (298) (373) (2,599)
Writedown of other real estate owned 1,242 1,143 1,967
Net gain on sale of building held for sale 0 0 (1,556)
Provision for loan losses 2,950 3,700 5,100
Deferred tax expense 3,261 3,011 2,964
Net amortization of securities 4,986 5,486 5,458
Stock based compensation expense 224 204 325
Net gain on sale of bank premises and equipment (480) 0 (1)
Net gain on securities transactions (668) (251) (717)
(Increase) decrease in taxes receivable (921) 3,510 723
(Increase) decrease in interest receivable (808) 538 398
Increase (decrease) in interest payable 25 (47) 80
Increase in other assets (1,677) (4,168) (7,239)
Increase in accrued expenses and other liabilities 419 463 1,123
Total adjustments 12,293 17,770 10,802
Net cash provided by operating activities 54,894 60,008 54,995
Cash flows from investing activities:      
Proceeds from sales and calls of securities available for sale 245,929 254,955 321,074
Purchases of securities available for sale (275,303) (189,823) (126,113)
Proceeds from maturities of securities available for sale 1,949 4,025 11,206
Proceeds from calls and maturities of held to maturity securities 10,975 14,481 15,269
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (99) (252) (451)
Proceeds from redemptions of Federal Reserve Bank and Federal Home Loan Bank stock 0 0 1,723
Net increase in loans (146,629) (148,532) (266,630)
Net proceeds from sale of building held for sale 0 0 4,745
Proceeds from dispositions of other real estate owned 6,768 7,511 12,972
Proceeds from dispositions of bank premises and equipment 674 112 139
Purchases of bank premises and equipment (2,055) (3,744) (8,497)
Net cash used in investing activities (157,791) (61,267) (34,563)
Cash flows from financing activities:      
Net increase in deposits 95,785 68,137 105,170
Net increase (decrease) in short-term borrowings 18,180 2,110 (15,046)
Proceeds from exercise of stock options 1,368 147 131
Proceeds from sales of treasury stock 2,447 2,670 2,850
Purchases of treasury stock (701) (147) (282)
Dividends paid (25,064) (24,950) (24,851)
Net cash provided by financing activities 92,015 47,967 67,972
Net (decrease) increase in cash and cash equivalents (10,882) 46,708 88,404
Cash and cash equivalents at beginning of period 718,156 671,448 583,044
Cash and cash equivalents at end of period 707,274 718,156 671,448
Cash paid during the year for:      
Interest paid 15,279 16,244 15,408
Income taxes paid 23,494 21,005 26,727
Non cash investing and financing activities:      
Transfer of loans to real estate owned 5,525 8,295 10,620
Transfer of other real estate owned to fixed assets 0 0 568
Increase in dividends payable 29 24 29
Change in unrealized (loss) gain on securities available for sale - gross of deferred taxes (3,784) (1,330) 23,913
Change in deferred tax effect on unrealized (loss) gain on securities available for sale, net of reclassification adjustment 1,514 531 (9,528)
Amortization of net actuarial loss and prior service credit on pension and post retirement plans, gross of deferred taxes 0 160 (98)
Change in deferred tax effect of amortization of net actuarial loss and prior service credit on pension and post retirement plans 0 (63) 38
Change in overfunded portion of pension and post retirement benefit plans (ASC 715) - gross of deferred taxes 1,333 711 (8,367)
Deferred tax effect of change in overfunded portion of pension and post retirement benefit plans (ASC 715) $ (533) $ (281) $ 3,336